The tax code subsidizes health care consumption through credits, deductions, and exemptions, such as the exclusion for employer contributions to insurance plans. In fiscal year 2023, Treasury estimated these provisions to total $276 billion.
May 8, 2023
Consumption tax revenue (federal, state, and local levels) was 17% of total tax revenues for the US in 2020, compared to 27% for all other OECD countries combined. This is in part because the US does not have a broad-based national sales tax, or a VAT.
May 1, 2023